Study on Application of Operational Research Method on Bidding Strategy of Generation Companies
Tan Zhongfum, Ding Wei(Institute of Management, North China Electric Power University, Beijing, 102206 P.R.China)
The role of generation companies is chenged from purely fulfilling generation tasks to bidding to generate and, thus, to get the maximam profits in the power market. The bidding theory and method of generation companies are researched in the paper. The methods of Decision Tree and Game Theory are applid to analyse the bidding strategy of generation companies. The bidding strategy of a company is designed by an example.